Mr. John Trethowan:

I am very concerned that having three providers is not enough in any economy. With the best will in the world, three players do not produce good competition. We are seeing a number of entrants into specialist areas, including the debtor finance area. That will be helpful.

Looking at the situation in the United Kingdom, there are some challenger banks appearing which do not have a branch network. They have a credit centre and take deposits. There is a concept - crowd finance - to put savers in touch with borrowers. I think there will be an initiative starting in Ireland in March in this regard. I do not believe we have seen the entrance of any major player, but we see a secondary market developing in the United Kingdom. Having three banks is not enough.